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Whenrelativeinputusagesareoptimal,themarginalrateoftechnicalsubstitutionisequaltotherelativeunitcostsoftheinputs,andtheslopeofthe ...,2024年2月1日—Themarginalrateoftechnicalsubstitution(MRTS)isaneconomictheorythatdescribestherateatwhichonefactorw...
Marginal Rate of Technical Substitution (MRTS)
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Themarginalrateoftechnicalsubstitutioniswhereaninputfactorisreducedwhiletheotherisincreasedwithoutchangingtheoutput.
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